Verizon, Redbox Plan Online Video Service

Verizon and Redbox video-kiosk owner Coinstar said they will launch an online service featuring streaming videos and downloads. Anton Troianovski reports on digits. Photo: Getty Images.

This transcript has been automatically generated and may not be 100% accurate.

I ... try not yet ... made a happy about the state ... to listen and read books planning an online video site tells us about that ... well at ... it's been rumored for awhile that Verizon would try to get into the streaming business ... and this looks to be there have to do that ... Redbox has thousands of ... DVD rental kiosks around us ... I'm a Verizon Optus broadband internet that they're going to bring this together and negotiate ... rates with media companies ... to be able to offer a subscription service that have ... both a ... physical component or you can ... go to Redbox and record Indies ... and an on line so twentieth century ... he sees us a twenty cent if you think about it and in that sort of had a bringing together what I think Netflix tried to separate ... with where you know ... Flixster or whatever it was quick ... to express their view ... twenty twelve ... the market ... today so so come on ... to that point the spines that didnt ... on reducing say they expect DVD rentals above a business to decline and fall with every quarter ... for EV up now ... and that's exactly why they made that aggressive move to separate review from the chemical because they ... they believe that ... the future of their cousins isn't stream in the movies are not actually delivering these ... physical death to the consumer dollar and offer as ... well the Verizon deal I believe in you ... tell me what you think I'd to me this is another sign that often Netflix common sense yes ... streaming is to be a big part of the way we consume ... video in the future Verizon ... is investing billions and billions of dollars into the network they need to have some content to attract people to pay for them the connectivity think its Redbox partnership is the first step in what will see of ... numerous steps that Verizon will make all the video on its network yet and it's interesting because it provides an through iOS offers ... PTT said Seth run which is the exact ... offering that ... these streaming services night like Netflix ... are supposed to be different ... so I think Verizon is taking a bit better about of a gamble here but you know offering a service that they would actually be competing with ... the pay TV service that it offers on the bed and it needs to happen with it so easy ... is that the question of what the visit ... to cannibalize Huron business than to have someone else he launched ... backdating Bets Apps ... Light Isaac went ahead as the heads but you know ... Apple so it ... can one use offers the best way to go because you don't have bought herself some local ... businesses can Achleitner knocking a couple who complement that with anything that yet you know Bryson could also be re thinking you know trying to become more of a national player in in in contact because ... after all the files only reaches fourteen percent of the country ... um so whereas this offering while there were very few deatails and what they announced today ... will be a nationwide ... offering so anyone with a broadband connection to their home will be able to sign up for this one ... and that is a suspect in the real winner that ... especially with